Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, transparency, and accountability
• Sustainable product lifecycle
• Employee well-being
• Stakeholder engagement
• Human rights
• Environmental protection
• Public policy influence
• Inclusive growth
• Customer engagement

Environmental Achievements

• Maintains emissions and waste within permissible limits set by State Pollution Control Boards (SPCBs)
• Developed greenery around manufacturing sites to reduce dust and improve microclimate
• Established a recycled polyester unit to recycle waste

Social Achievements

• Provided safety and skill up-gradation training to a significant percentage of employees
• Employs local people around its manufacturing plants
• Encourages local sourcing

Governance Achievements

• Adopted a Code of Business Conduct and Ethics
• Implemented a Vigil Mechanism Policy
• Annually assesses BR performance

Climate Goals & Targets

Environmental Challenges

• Company was under the Corporate Insolvency Resolution (CIR) process
• Reduced capacity utilization impacting recycling efforts
• Stabilizing operations after the implementation of the resolution plan

Mitigation Strategies

• New management undertook repairs, maintenance, upgradation, and modernization of textile operations
• Gradually stabilizing operations and regaining normalcy
• Internal evaluation and updates of BR policies

Supply Chain Management

Responsible Procurement

• Domestic sourcing prioritized; rail/ship transport encouraged

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, National Guidelines on Responsible Business Conduct

Sustainable Products & Innovation

• Recycled polyester fiber

Environmental Metrics

ESG Focus Areas

• Climate Change
• Carbon Neutrality
• Community Development
• Women Empowerment
• Fair Trade across Supply Chain
• Health and Safety
• Human Rights
• Environmental Protection
• Data Privacy
• Cybersecurity

Environmental Achievements

• Exceeded targeted energy consumption reduction under the PAT scheme at Vapi and Silvassa locations.
• Reduced energy intensity per rupee of turnover from 60,068 Joules/Rupee to 48,623 Joules/Rupee.
• Reduced water intensity per rupee of turnover from 0.028 Litres/Rupee to 0.025 Litres/Rupee.

Social Achievements

• Implemented various measures for employee and worker well-being, including health insurance, accident insurance, and maternity benefits.
• Provided training on human rights issues to 100% of employees and workers.
• Maintained 100% compliance with child labor and forced labor regulations.

Governance Achievements

• Established a robust Anti-Bribery Management System (ABMS).
• Implemented policies covering all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC).

Climate Goals & Targets

Environmental Challenges

• Climate change impacting raw material availability and cost, supply chain disruptions, and regulatory compliance.
• Increasing demand for carbon-neutral products.
• Need for community engagement and social upliftment.
• Ensuring fair trade practices across the supply chain.

Mitigation Strategies

• Set goals to reduce emissions and implemented measures like energy efficiency improvements, renewable energy sourcing, and carbon offsetting.
• Conducting carbon footprint assessments, setting carbon reduction targets, engaging suppliers, and investing in renewable energy.
• Running a skill development center for rural communities.
• Implementing a comprehensive supply chain management policy with ethical sourcing practices, transparent supply chains, and regular audits.

Supply Chain Management

Responsible Procurement

• Sustainable Sourcing Policy prioritizing suppliers using sustainable raw materials and manufacturing processes.
• Requiring suppliers to meet labor rights standards.

Climate-Related Risks & Opportunities

Physical Risks

• Impact on raw material availability and cost, supply chain disruptions

Transition Risks

• Regulatory changes, market shifts towards carbon-neutral products

Opportunities

• Mitigation of climate change effects, becoming a first-mover in this regard

Reporting Standards

Frameworks Used: NGRBC

Certifications: OHSAS 45001

Third-party Assurance: Nil